SCENARIO 2-5 The Following Are the Duration in Minutes of a Sample

question 155

Multiple Choice

SCENARIO 2-5
The following are the duration in minutes of a sample of long-distance phone calls made within the
continental United States reported by one long-distance carrier.
-Referring to Scenario 2-5, if 100 calls were randomly sampled, how many calls lasted 15 minutes
Or longer?

• A)10
• B)14
• C)26
• D)74

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An individual or entity that commits capital with the expectation of receiving financial returns.

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The cost of borrowing money or the return on investments, usually expressed as a percentage of the amount lent, deposited, or invested.

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A monetary charge for the concession to borrow currency, habitually framed as an annual percentage figure.